NCC alerts Nigerians on virus that steals banking details

The Nigerian Communications Commission (NCC) has alerted the citizens on the discovery of a damaging malware called “FluBot.”

The NCC Director of Public Affairs, Ikechukwu Adinde, who disclosed this in a statement on Friday in Abuja, said the malware steals banking details by attacking Android devices with fake security updates and App installations.

According to him, the virus attacks Android devices by pretending to be “FedEx, DHL, Correos, and Chrome applications” and compels unsuspecting users to alter the accessibility configurations on their devices to maintain a continuous presence on devices.

He stressed that FluBot is circulated through SMS and can snoop “on incoming notifications, initiate calls, read or write SMSes, and transmit the victim’s contact list to its control centre.”

The statement read: “According to the information received on October 21, 2021, from the Nigeria Computer Emergency Response Team (ngCERT), Flubot ‘targets Androids with fake security updates and App installations.

“The ngCERT affirmed that Flubot ‘impersonates Android mobile banking applications to draw fake web view on targeted applications’ and its goal transcends stealing personal data and essentially targets stealing of credit card details or online banking credentials.

“The new malware undermines the security of devices by copying fake login screens of prominent banks, and the moment the users enter their login details on the fake pages, their data is harvested and transmitted to the malware operators’ control point from where the data is exploited by intercepting banking-related One Time Passwords (OTPs) and replacing the default SMS app on the targeted Android device.

Consequently, it secures admittance into the device through SMS and proceeds to transmit similar messages to other contacts that may be on the device it has attacked enticing them into downloading the fake app.

“It suffices to say that, when Flubot infects a device, it can result in incalculable financial losses.

Additionally, the malware creates a backdoor which grants access to the user’s device, thus enabling the invader or attacker to perform other criminal actions, including launching other variants of malware.”

Malware is commonly used to describe a virus or software designed specially to disrupt, damage, or gain unauthorised access to a computer system.

The commission also offered tips on how to guide against the virus.

It added: “The NCC hereby wishes to reiterate the advisory of ngCERT as follows:

In view of this discovery and understanding of the process by which this malware operates, and in order to protect millions of telecom consumers and prevent criminal forces, irrespective of location, from using telecom platforms to perpetrate fraud and irredeemable damages, the NCC advised that:

– Do not click on the link if you receive a suspicious text message, and do not install any app or security update the page asks you to install.

-Use updated antivirus software that detects and prevents malware infections.

– Apply critical patches to the system and application.

– Use strong passwords and enable Two-Factor Authentication (2FA) over logins.

– Back-up your data regularly.

– If you have been affected by this campaign, you should reset your device to factory mode as soon as possible. This will delete any data on your phone, including personal data.

– Do not restore from backups created after installing the app. You may contact ngCERT on *incident@cert.gov.ng* for technical assistance.

– You will also need to change the passwords to all of your online accounts, with urgency, around your online bank accounts.

– If you have concerns that your accounts may have been accessed by unauthorised people, contact your bank immediately.

Durex condom sales recover after virus rules relaxed

The sale of Durex jumped when social-distancing rules were relaxed in the summer, says maker Reckitt Benckiser.

The consumer goods giant said growth in its health arm, which includes condoms and “sexual wellbeing products”, rose 12.6% in the last three months.

Sales of Dettol, Cillit Bang, and air fresheners also jumped, helped by workers improving their new home-office environment, Reckitt said.

Total group sales in the last quarter rose 13% to £3.5bn on last year.

“Relaxations of social distancing regulations resulted in improved demand for our sexual well-being products,” it said.

During the spring lockdown Reckitt saw a sharp drop in demand for condoms as people had less sex.

However, the company suggested on Tuesday that this spring fall could have a knock-on effect on its baby formula business next year, with an expected fall in the global birth rate.

“There is evidence that birth rates will be further lowered in coming quarters as a result of behaviour changes related to the pandemic,” it said.

“Our performance has been led by an increase in hygiene and health volumes,” said boss Laxman Narasimhan.

Sales of Dettol-branded sprays, wipes and liquid climbed more than 50% compared to the same period last year.

Airwick and Finish continued to grow strongly, with consumers continuing to spend more time at home compared to a year ago, the company said.

Improved hygiene

The company said that Covid-19 is accentuating trends such as “urbanisation and global warming, and their impact on their spread of infection, re-enforcing the necessity of improved hygiene”.

It also highlighted a growing demand for self-care and a growing importance of sexual health and wellbeing.

“As consumers have sought to embrace self-care for themselves and their families, we have seen growth in preventative treatments, such as vitamins, minerals and supplements,” it said.

“With a clear purpose – to protect, heal and nurture in the relentless pursuit of a cleaner and healthier world – we are uniquely placed to help tackle the challenges the world is facing,” said Mr Narasimhan.

Tuesday’s figures were well received by analysts. ”Reckitt Benckiser has cleaned up on our obsession with hygiene,” said Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown.

“Our pursuit of cleanliness during the pandemic has been hugely beneficial for the group, and the signs are that the crisis is leading to a longer-term behaviour shift with consumers demanding reassurance that workplaces, shops and public transport are germ free.”

And Richard Hunter, head of markets at interactive investor, said: “Reckitt was already seeing the benefits of improving hygiene and self-care awareness, and the pandemic has moved growth to another level.”

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